| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP975
|
| DP975 Irish Economic Growth, 1945-88 |
| Cormac Ó Gráda; Kevin O'Rourke
|
| 发表日期 | 1994-06-30
|
| 出版年 | 1994
|
| 语种 | 英语
|
| 摘要 | The matching function describes the flow of job creation as a function of the stocks of unemployed and vacancies. Most empirical work tries to identify such a relationship by regressing the flow of matches (aggregated over the month) on the stocks of unemployment and vacancies measured at the beginning of that month. It is shown that estimates obtained using this procedure will be downward biased if unemployment and vacancies are mean-reverting processes. If the bias is small, the size of the bias is proportional to the length of the period interval. By further aggregating the data, say from monthly to quarterly data, the downward bias should triple. The resulting change in the parameter estimates can then be used to estimate the size of the original bias. |
| 关键词 | Matching
Temporal aggregation bias
|
| URL | https://cepr.org/publications/dp975
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530114
|
推荐引用方式
GB/T 7714 |
Cormac Ó Gráda,Kevin O'Rourke. DP975 Irish Economic Growth, 1945-88. 1994.
|
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